TOSHIBA TEC CORPORATION [6588.T]

TOKYO, Jun 08 (Pulse News Wire) – Toshiba Tec Corporation (6588.T) disclosed that its parent company, Toshiba Corp., became a subsidiary of TBJH Co., Ltd. on September 27, 2023, following a successful public tender offer initiated by TBJH Co., Ltd.

On September 26, 2023. As a result, TBJH Co., Ltd. and its parent company, TBJ Holdings Co., Ltd., now serve as major shareholders and parents of Toshiba Tec. Details of the new shareholders as of September 27, 2023, include: TBJH Co., Ltd.: - Capital: ¥300 million - Established: November 7, 2022 - Net Assets: ¥997.9 billion (as of March 31, 2025) - Total Assets: ¥2.08 trillion (as of March 31, 2025) - Major Shareholder Ratio: TBJ Holdings Co., Ltd. holds 100% TBJ Holdings Co., Ltd.: - Capital: ¥354.5 billion - Established: November 1, 2022 - Net Assets: ¥828.6 billion (as of March 31, 2025) - Total Assets: ¥1.11 trillion (as of March 31, 2025) - Major Shareholder Ratio: TB Investment Limited Partnership holds 100% Post-change, TBJH Co., Ltd.

Owns 266,761 voting rights (representing 50.5%) and TBJ Holdings Co., Ltd. owns 266,761 voting rights (representing 50.5%). Both entities hold significant shares but maintain no capital, human, or transactional relationships with Toshiba Tec. The delay in timely disclosure was attributed to insufficient verification processes post-acquisition. To prevent future delays, Toshiba Tec plans to enhance internal controls by ensuring multiple stakeholders review potential disclosure requirements.

Original Disclosure (PDF)

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